Can I retire at age 45 with 6,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$561,538$556,536$551,656$546,893$542,242$533,918
2 years$277,989$272,812$267,794$262,929$258,210$249,845
3 years$183,485$178,285$173,280$168,461$163,819$155,672
4 years$136,242$131,059$126,104$121,367$116,837$108,971
5 years$107,904$102,752$97,862$93,221$88,818$81,255
6 years$89,018$83,904$79,087$74,550$70,279$63,028
7 years$75,534$70,463$65,722$61,292$57,155$50,220
8 years$65,425$60,400$55,737$51,416$47,416$40,794
9 years$57,566$52,589$48,006$43,795$39,931$33,619
10 years$51,283$46,354$41,853$37,752$34,023$28,017
11 years$46,146$41,267$36,847$32,855$29,261$23,554
12 years$41,868$37,039$32,701$28,819$25,357$19,942
13 years$38,251$33,472$29,216$25,442$22,112$16,981
14 years$35,153$30,425$26,250$22,585$19,383$14,529
15 years$32,471$27,794$23,701$20,142$17,066$12,480
16 years$30,127$25,500$21,488$18,035$15,083$10,755
17 years$28,060$23,485$19,553$16,204$13,374$9,294
18 years$26,225$21,701$17,850$14,603$11,891$8,051
19 years$24,585$20,112$16,341$13,195$10,599$6,988
20 years$23,111$18,689$14,997$11,951$9,467$6,076
21 years$21,779$17,408$13,794$10,846$8,472$5,291
22 years$20,570$16,250$12,713$9,862$7,594$4,613
23 years$19,467$15,198$11,738$8,981$6,817$4,027
24 years$18,458$14,240$10,856$8,191$6,127$3,518
25 years$17,531$13,364$10,055$7,481$5,514$3,077
26 years$16,677$12,560$9,325$6,840$4,966$2,692
27 years$15,888$11,820$8,659$6,261$4,478$2,357
28 years$15,156$11,138$8,050$5,736$4,040$2,065
29 years$14,476$10,507$7,491$5,260$3,648$1,810
30 years$13,842$9,923$6,978$4,828$3,296$1,587
31 years$13,250$9,381$6,505$4,434$2,980$1,393
32 years$12,697$8,876$6,070$4,075$2,696$1,222
33 years$12,178$8,406$5,667$3,747$2,440$1,073
34 years$11,690$7,967$5,295$3,448$2,209$942
35 years$11,232$7,556$4,950$3,174$2,001$827
36 years$10,800$7,172$4,631$2,923$1,813$726
37 years$10,392$6,812$4,335$2,693$1,643$638
38 years$10,007$6,474$4,059$2,482$1,489$561
39 years$9,642$6,156$3,803$2,289$1,351$493
40 years$9,297$5,857$3,565$2,111$1,225$433
41 years$8,969$5,575$3,342$1,948$1,111$380
42 years$8,657$5,309$3,135$1,798$1,009$334
43 years$8,361$5,059$2,942$1,659$915$294
44 years$8,079$4,822$2,762$1,532$831$258
45 years$7,811$4,598$2,593$1,415$754$227
46 years$7,555$4,387$2,435$1,307$685$200
47 years$7,310$4,186$2,288$1,208$622$176
48 years$7,076$3,996$2,150$1,116$565$154
49 years$6,853$3,816$2,021$1,031$513$136
50 years$6,639$3,645$1,900$953$466$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,800,000, adding $3,416 every year, while hoping to spend $36,541 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/18/17 Blend
44$6,800,000$6,800,000$6,800,000$6,800,000
45$7,497,124$7,136,724$7,031,324$7,952,829
46$8,222,951$7,447,544$7,227,994$8,569,409
47$9,021,588$7,772,369$7,430,027$9,238,402
48$9,900,422$8,111,848$7,637,566$9,968,577
49$10,867,595$8,466,658$7,850,754$10,765,919
50$11,932,075$8,837,510$8,069,740$11,637,014
51$13,103,746$9,225,147$8,294,675$12,589,108
52$14,393,497$9,630,348$8,525,716$13,630,175
53$15,813,328$10,053,929$8,763,021$14,768,992
54$17,376,459$10,496,744$9,006,754$16,015,221
55$19,097,460$10,959,686$9,257,083$17,379,496
56$20,992,385$11,443,695$9,514,179$18,873,522
57$23,078,921$11,949,749$9,778,217$20,510,186
58$25,376,562$12,478,878$10,049,378$22,303,677
59$27,906,786$13,032,157$10,327,846$24,269,616
60$30,693,259$13,610,713$10,613,810$26,425,200
61$33,762,062$14,215,729$10,907,463$28,789,369
62$37,141,932$14,848,440$11,209,004$31,382,975
63$40,864,538$15,510,142$11,518,634$34,228,984
64$44,964,775$16,202,193$11,836,562$37,352,682
65$49,481,095$16,926,014$12,163,000$40,781,921
66$54,455,873$17,683,094$12,498,167$44,547,372
67$59,935,801$18,474,995$12,842,284$48,682,814
68$65,972,332$19,303,349$13,195,580$53,225,453
69$72,622,166$20,169,869$13,558,288$58,216,268
70$79,947,784$21,076,350$13,930,648$63,700,394
71$88,018,037$22,024,670$14,312,904$69,727,547
72$96,908,797$23,016,799$14,705,306$76,352,490
73$106,703,671$24,054,799$15,108,111$83,635,546
74$117,494,793$25,140,832$15,521,580$91,643,164
75$129,383,691$26,277,162$15,945,982$100,448,544
76$142,482,246$27,466,161$16,381,591$110,132,324
77$156,913,748$28,710,316$16,828,687$120,783,334
78$172,814,060$30,012,231$17,287,558$132,499,435
79$190,332,900$31,374,636$17,758,497$145,388,438
80$209,635,254$32,800,391$18,241,805$159,569,115
81$230,902,932$34,292,493$18,737,787$175,172,318
82$254,336,287$35,854,081$19,246,759$192,342,206
83$280,156,104$37,488,447$19,769,041$211,237,606
84$308,605,684$39,199,038$20,304,962$232,033,505
85$339,953,142$40,989,469$20,854,856$254,922,693
86$374,493,935$42,863,525$21,419,066$280,117,583
87$412,553,654$44,825,176$21,997,942$307,852,207
88$454,491,097$46,878,580$22,591,844$338,384,419
89$500,701,654$49,028,095$23,201,135$371,998,326
90$551,621,040$51,278,289$23,826,191$409,006,958
91$607,729,409$53,633,949$24,467,392$449,755,222
92$669,555,888$56,100,091$25,125,128$494,623,147
93$737,683,567$58,681,974$25,799,798$544,029,463
94$812,755,008$61,385,108$26,491,809$598,435,549
95$895,478,309$64,215,268$27,201,574$658,349,782
96$986,633,789$67,178,509$27,929,520$724,332,320
97$1,087,081,353$70,281,174$28,676,077$797,000,389
98$1,197,768,614$73,529,913$29,441,687$877,034,095
99$1,319,739,831$76,931,697$30,226,802$965,182,840
100$1,454,145,775$80,493,832$31,031,881$1,062,272,381